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Research and Business
Development is tasked with answering a wide range of internal
and external inquiries. These include questions concerning
economic, business and location issues. Tax advantages,
regulatory structure, labor, transportation, costs of
doing business and quality of life are the primary issues
addressed when working with businesses interested in Nevada.
The division also serves as a major access point for public
information compiled by various state agencies.
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Business Development also processes incentive
applications for businesses interested in locating or expanding
their operations in Nevada. The incentives
program is a key element to attracting new business to Nevada
and supporting existing business in their growth efforts.
Research and publish a wide variety of
factual information about Nevada’s business climate, state
and local taxes, labor, energy, transportation, and a variety
of other topics for use by private and public entities.
Continue to improve the use of technology in the delivery of
services to the development authorities as well as to other
entities. This would include utilization of the Internet for
implementation of searchable databases.
Strengthen customer service offered to corporate and business
prospects generated from advertising, direct mail, word of mouth,
trade shows and other sources. Continue to provide these prospects
with timely and accurate data and information.
New businesses inquiring about making
Nevada their new home or next expansion were first qualified
as "serious leads." These leads were then forwarded
to Nevada’s 13 development authorities. This public/private
partnership resulted in the development authorities reporting
a total of 12,728 new primary jobs and 176 new companies in
Nevada during the last biennium.
The division also
began working with a nationally known policy analysis tool
called Regional Economic Modeling, Inc. (REMI). This is
a tool used by many governments to look at the possible
outcomes from a variety of proposed policy changes. Business
Development uses the model to assess the impacts of large-scale
projects such as the building of electric generation plants.
The model was also used to compare the impacts and contributions
to Nevada’s economy by manufacturers and other high-tech
companies who requested incentives. REMI is used in conjunction
with a number of other state agencies and will soon be expanded
by the addition of a variety of aspects which will allow
the division to look at issues on a county by county basis
instead of just statewide.
The division also developed a number of "benchmarks"
for the Commission to consider when discussing incentive
applicants. These were developed using the fiscal impact
model the division has operated for three years. The ratios
that have been developed allow a better comparison of the
companies under consideration, which in turn allows the
Commissioners the opportunity to make decisions based on
factual analysis and probable impacts, rather than just
on the application information.
Nevada Profile
Numerous Fact Sheets
Comparisons of state tax structures and levels
Analyses of economic impact issues
Customized responses to specific requests
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